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Transportation agencies throughout the US have tapped creative earning strategies to enable their assets to generate more transportation funding:
House Bill 3825 by Rep. Landgraf would transfer $50 million per year from the Rainy Day Fund to Texas counties to help offset the impact of oil and gas drilling operations.
Chairman Darby has issued a statement in support.
This week, TPPF released, the Road Forward, a transportation reform proposal.
Senator Uresti’s SB 1788 would allow counties, producing oil and gas revenue, would be allowed to keep the royalty payments generated from the minerals under county property and dedicate that money to road funding.
This bill would override a 1960 Attorney General Opinion, WW-870, by Attorney General Will Wilson.
Posted in2015 legislation, funding, roads
Harvard Kennedy School Professor Stephen Goldsmith holds out the LBJ Freeway as an example of how P3s (public-private partnerships) are delivering value. Relying on Fitch Ratings issued in February, Goldsmith describes the LBJ Freeway as construction “has proceeded on schedule and on budget, and operations are on target to begin during 2015.” Move Texas Forward mentions the following transportation funding proposals but takes no position: In an effort to speed up the construction of high speed rail between the Twin Cities and Rochester, MN is considering private funding for high speed rail. MPR News Miami-Dade is proposing a Public Private Partnership , P3, solution to help address its roadway congestion. Currently the area uses P3 solutions for recapitalizing Miami’s infrastructure, expanding options for mass transit, and incorporating modern design and innovative operational techniques. P3 for transportation congestion differs from normal contracting by: US DOT is allowing cities and states to require that local workers are utilized on transportation projects which receive federal funding. U.S. Transportation Secretary Anthony Foxx announced the beginning of the pilot program this week. The one-year pilot program only applies to transportation funding received from the Federal Highway Administration and the Federal Transit Administration.LBJ Freeway a Poster Child for Successful P3 Project
Move Texas Forward Transportation Funding Goal
MN Solution for Transportation Funding: Private Funding
A P3 Solution for Transportation?
Cities & States Can Require Local Workers for Federally Funded Transportation Projects